Allianz UK enhances renewable energy proposition and simplifies multi-technology cover

Allianz UK has enhanced its renewable energy proposition and introduced simplified operational wording for customers with multiple technologies at the same site. The update coverage applies to onshore wind, ground-mounted solar and hydro, biomass, and anaerobic digestion. It also encompasses battery energy storage systems and Slow Reserve (replacing legacy STOR) – technologies that help keep…

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AmTrust International acquires Wakam to strengthen position in UK and Europe

AmTrust International, a specialty insurer and subsidiary of AmTrust Financial Services, Inc., has completed its acquisition of Wakam, a business-to-business-to-consumer (B2B2C) insurer serving markets across the UK and Europe. The transaction expands AmTrust International’s European operations, adding an established presence in France and broadening its existing UK offering. AmTrust confirmed that Wakam is now fully…

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LM Re to tackle missing data in parametric cover with Celest.Science collaboration

Liberty Mutual Reinsurance (LM Re), the sole treaty reinsurance business of the Liberty Mutual Insurance Group, has partnered with Celest.Science, a  French climate-tech startup, to develop a robust fallback methodology for parametric tropical cyclone risk transfer, addressing data outages and reporting delays during extreme weather events. Parametric insurance provides payment based on pre-agreed event, such…

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